Aptiv PLC (NYSE:APTV) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Aptiv PLC (NYSE:APTV) have earned an average rating of “Moderate Buy” from the twenty-four ratings firms that are covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $99.4762.

Several research firms recently issued reports on APTV. Fox Advisors upgraded Aptiv from an “equal weight” rating to an “overweight” rating and set a $110.00 price target for the company in a research note on Tuesday, January 13th. Zacks Research cut Aptiv from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Oppenheimer upped their target price on Aptiv from $94.00 to $102.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Weiss Ratings reissued a “hold (c-)” rating on shares of Aptiv in a research note on Monday, December 29th. Finally, Argus upped their price objective on shares of Aptiv from $78.00 to $99.00 in a research report on Monday, November 10th.

Insiders Place Their Bets

In other news, EVP Katherine H. Ramundo sold 5,000 shares of Aptiv stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $85.00, for a total transaction of $425,000.00. Following the transaction, the executive vice president owned 116,959 shares in the company, valued at $9,941,515. The trade was a 4.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.45% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in Aptiv by 502.1% during the 1st quarter. NewEdge Advisors LLC now owns 15,557 shares of the auto parts company’s stock worth $926,000 after buying an additional 12,973 shares in the last quarter. Woodline Partners LP increased its position in shares of Aptiv by 439.2% during the first quarter. Woodline Partners LP now owns 76,109 shares of the auto parts company’s stock worth $4,528,000 after acquiring an additional 61,994 shares during the period. Focus Partners Wealth raised its stake in shares of Aptiv by 110.7% in the first quarter. Focus Partners Wealth now owns 9,511 shares of the auto parts company’s stock valued at $566,000 after acquiring an additional 4,998 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Aptiv by 452.3% in the first quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after purchasing an additional 398 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Aptiv by 35.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,949 shares of the auto parts company’s stock worth $474,000 after purchasing an additional 1,820 shares in the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.

Aptiv Trading Up 1.4%

Shares of NYSE:APTV opened at $78.86 on Friday. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $17.04 billion, a PE ratio of 62.59, a P/E/G ratio of 0.95 and a beta of 1.50. Aptiv has a 12-month low of $47.19 and a 12-month high of $88.93. The business’s fifty day simple moving average is $78.58 and its 200-day simple moving average is $78.64.

Aptiv (NYSE:APTV) last released its quarterly earnings results on Thursday, October 30th. The auto parts company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.36. Aptiv had a return on equity of 18.51% and a net margin of 1.46%.The company had revenue of $5.21 billion during the quarter, compared to analysts’ expectations of $5.05 billion. During the same period last year, the business posted $1.83 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that Aptiv will post 7.2 earnings per share for the current fiscal year.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.